Wasson leaves with a $35 million departing package.
This was a reported by Crain's Business Journal based on last Years SEC filing.
Crain's of Chicago has scratched the surface of Wasson departure and came up with this information.
Company insiders say a powerful group of institutional investors—mainly hedge funds that want the combined company to be run more efficiently and aggressively, and who are impressed by Alliance Boots' billionaire Chairman Stefano Pessina—would not approve the Walgreen-Boots union until Wasson was gone. Shareholders are scheduled to vote on the deal Dec. 29.
Wasson's departure "is not unexpected, and it's not a surprise that he's being replaced by Stefano Pessina," agrees Vishnu Lekraj, a senior analyst at Morningstar.
Reached by email, Wasson told Crain's yesterday that he was "really looking forward to spending more time with our family." But in July, he told the Chicago Tribune that he intended to remain CEO after the transaction was completed.
"The clock on Wasson's career may have started ticking even before Pessina and Rosenstein came on the scene.
Sources also said investors lost confidence in Wasson in late 2011 and early 2012, during a seven-month battle over reimbursement rates with pharmacy-benefit manager Express Scripts".
Now that Wasson is out he will no Longer have a seat on Alliance Boots or the new Walgreens Boots Alliance, as Walgreens will Disappear into WBA, same goes for Wasson board seat on Amerisource Bergen. now it remains to be seen if Verizon will keep him as a director.
And then there is the Lawsuit Filed by Wade Miquelon, whatever the outcome in the Alliance Boots merger: the Walgreens story will continue, as Several senior Executives at Walgreens will be spun into retirement.
Perhaps there will soon be a pension fund raid with annuities being purchased and the dissolution of Walgreens pension fund..
Welcome, to Wasson's Last Dance with the Devil, to be Held in NYC at the Famous Ritz Carlton on December 29th.
Ribs will be served!!!
GLTA!!!
